New Delhi, April 11, 2018: Essel Mutual Fund will launch its New Fund Offer (NFO) Essel Equity Hybrid Fund on April 9, which will remain open for subscription until April 23.
The open-ended hybrid scheme will invest at least 65-80 percent of its corpus in equity and equity related instruments, 20-35 percent in debt and money market instruments.
The scheme also has the provision to invest up to 10 percent of its assets in Real estate investment trusts (REITs) and infrastructure investment trusts (InvITs).
This is the first offering from Essel Mutual Fund after it acquired Peerless Mutual Fund in November, last year, a company release said.
United News Of India
